Professional Documents
Culture Documents
OSMANIA UNIVERSITY
HYDERABAD
IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE
AWARD OF THE DEGREE IN
BACHELORS OF BUSINESS ADMINISTRATION
SUBMITTED
BY
A. MOUNIKA
H.T.NO. 609521684008
TELANGANA SOCIAL WELFARE RESIDENTIAL DEGREE COLLEGE OF
COMMERCE FOR WOMEN, SANGAREDDY
2021-2024
By DEPARTMENT OF BUSINESS ADMINISTRATION
TELANGANA SOCIAL WELFARE RESIDENTIAL DEGREE COLLEGE OF
COMMERCE FOR WOMEN, SANGAREDDY
(Affiliated to Osmania University)
2021-2024
1
OFFICE OF THE PRINCIPAL
TELANGANA SOCIAL WELFARE RESIDENTIAL DEGREE OF
COMMERCE FOR WOMEN SANGAREDDY
AT BUDHERA
ARIFA TEHSEEN ARA (I/C) E-mail:prl-rdc-srdswrs@telangana.gov.in
PRINCIPAL Mobile No.: 9121004525
CERTIFICATE
This is to certify that the project report entitled “A Study On JOB SATISFACTION
at BSNL” is being submitted by A. MOUNIKA, H.T.NO: 609521684008 in partial
fulfilment for the award of the Bachelors of Business Administration (BBA) to the
Osmania University, Hyderabad is a record of bonafide work carried out by her
under the guidance and supervision of S.SWETHA, Lecturer in Business
Administration.
The results embodied in this project have not been submitted to any other university
or institute for the award of any degree or diploma.
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DECLARATION
I the undersigned solemnly declare that the report of the summer training work
entitled study on ’’JOB SATISFACTION at BSNL’’ is based on my work carried out
during the course of my study under the supervision of Mrs. Swetha Somisetti,
Lecturer in Business Administration, Department of Business Administration,
Telangana Social Welfare Degree College of Commerce for Women, Sangareddy.
I assert that the statements made and conclusions drawn are an outcome of the
project work. I further declare that to the best of my knowledge and believe the
project report does not contain any part of any work which has been submitted for the
award of any other degree/ diploma/ certificate in this university or any other
university.
A.MOUNIKA
DATE:
PLACE:
3
ACKNOWLEDGEMENT
I would also like to extend special thanks to my family and friends who have been a
constant source of support and encouragement. Without them, this project would not
have been materialized.
A.MOUNIKA
DATE:
PLACE:
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TABLE OF CONENTS
1.1 INTRODUCTION
1.5 RESEARCH
METHODOLOGY
5
ABSTRACT
Keywords:
Job Satisfaction, BSNL, Individual Factors, Inspiration and Evaluation.
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CHAPTER - I
INTRODUCTION
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INTRODUCTION
⮚ A planned effort...
⮚ Organization-wide...
⮚ Managed from the top...
⮚ To increase organization effectiveness and health...
⮚ Through planned interventions in the organization's 'processes', using
behavioural science knowledge.
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Definition
History
Kurt Lewin (1898 - 1947) is widely recognized as the founding father of OD,
although he died before the concept became current in the mid-1950s. From Lewin
came the ideas of group dynamics, and action research which underpin the basic OD
process as well as providing its collaborative consultant/client ethos. Institutionally,
Lewin founded the Research Centre for Group Dynamics at MIT, which moved to
Michigan after his death. RCGD colleagues were among those who founded the
National Training Laboratories (NTL), from which the T-group and group-based OD
emerged. In the UK, working as close as was possible with Lewin and his colleagues,
the Tavistock Institute of Human Relations was important in developing systems
theories. Important too was the joint TIHR journal Human Relations, although
nowadays the Journal of Applied Behavioural Sciences is seen as the leading OD
journal.
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OD topics
⮚ Action research
⮚ Appreciative Inquiry
⮚ Chaos Theory in Organizational Development
⮚ Collaboration
⮚ Diversity management
⮚ Employee research
⮚ Group process
⮚ Knowledge management
⮚ Leadership development
⮚ Managing change
⮚ Meetings
⮚ Organizational communication
⮚ Organizational culture
⮚ Organizational diagnostics
⮚ Organizational engineering
⮚ Organizational learning
⮚ Organizational performance
⮚ Performance improvement
⮚ Process improvement
⮚ Quality
⮚ Social networks
⮚ Strategic planning
⮚ Succession planning
⮚ Systems intelligence
⮚ Systems thinking
⮚ Team building
⮚ T-groups
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NEED OF THE STUDY
It is responsibility if manager to make employs look for better ways of during their jobs
in Kotak Mahindra Group.
To study the awareness level of the employees and need for change management in
Kotak Mahindra Group.
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SCOPE OF THE STUDY
The scope of the study is confined to the develop management with reference to
Kotak investment solution, Hyderabad.
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OBJECTIVE OF THE STUDY
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RESEARCH METHODOLOGY
The basic idea sampling is that by selection some of the elements in a population
we may draw conclusion about the entire population. For any systematic inquiry
application of appropriate methods and scientific bent of mind are sinequanon. This has
an important bearing on the collection of reliable data of the present study is to acquire
an intensive option about the organization development in Kotak investment solution
private limited.
Sampling design:
Sample population:
Sample population for this is all employees working (60 members) in Kotak
investment solution in Hyderabad branches.
Sample size:
In this project sample size is which include staff of company.
Sampling tools:
The study has been carried out by using structured questionnaire is prepared by
negotiating with the guide.
Data collection:
The data used for analysis and interpretation form annual reports of the company
that is secondary forms of data.
The project is presented by using table’s graphs and with their interpretations. No
survey is undertaken or observation study is conducted in evaluating ‘Fixed assets’
performance of Kotak.
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LIMITATION OF THE STUDY
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CHAPTER-II
REVIEW OF LITERATURE
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REVIEW OF LITERATURE
ORGANIZATIONAL ARCHITECTURE
17
Nadler & Merron Galbraith Henning Churchill Corporate
Tushman (1995) (1995) (1997) (1997) Transitions
(1997) International
(2004)
Vision, Strategy The role of Strategy
strategic goals the
and strategic organizati
management on
Informal Organizationa Reward Reward Organization Organizational
organizati l culture systems systems al culture culture
on
Formal Organizationa Organization Groupings Organization Organizational
organizati l structure al structure al structure structure
on
Business Processes Business
processes and lateral processes
links and work
design
Human Human Human Communicatio
resources resources resource n
development
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Organizational learning
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individual action is rejected by the organization for political or other reasons
and therefore no organizational action takes place?
⮚ Nonaka and Takeuchi (1995) developed a four stage spiral model of
organizational learning. They started by differentiating Polanyi's concept of
"tacit knowledge" from "explicit knowledge" and describe a process of
alternating between the two. Tacit knowledge is personal, context specific,
subjective knowledge, whereas explicit knowledge is codified, systematic,
formal, and easy to communicate. The tacit knowledge of key personnel
within the organization can be made explicit, codified in manuals, and
incorporated into new products and processes. This process they called
"externalization". The reverse process (from explicit to implicit) they call
"internalization" because it involves employees internalizing an
organization's formal rules, procedures, and other forms of explicit
knowledge. They also use the term "socialization" to denote the sharing of
tacit knowledge, and the term "combination" to denote the dissemination of
codified knowledge. According to this model, knowledge creation and
organizational learning take a path of socialization, externalization,
combination, internalization, socialization, externalization, combination . . .
etc. in an infinite spiral.
⮚ Nick Bontis et al. (2002) empirically tested a model of organizational
learning that encompassed both stocks and flows of knowledge across three
levels of analysis: individual, team and organization. Results showed a
negative and statistically significant relationship between the misalignment
of stocks and flows and organizational performance.
⮚ Flood (1999) discusses the concept of organizational learning with Peter
Senge and the origins of the theory from Argyris and Schon. The author
aims to "re-think" Senge's The Fifth Discipline through systems theory.
Where Senge's work has been critiqued as a sort of an organizational guru's
self-help book, the author illustrates how advanced the concepts are by
integrating them with key theorists such as Bertalanffy. Conceptualizing
organizational learning in terms of structure, process, meaning, ideology
and knowledge, theory development with the philosophy of science would
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further the discussion of how the theorists have been influenced by
twentieth-century advances from the classical assumptions of science.
Organizational knowledge
A large part of the knowledge used by managers, however, does not assume this
a form. The complexities of a manager’s task are such that applying A may result in B,
C, or Z. A recipe or an idea that solved very well a particular problem, may, in slightly
different circumstances backfire and lead to ever more problems. More important than
knowing a whole lot of theories, recipes and solutions for a manager is to know which
theory, recipe or solution to apply in a specific situation. Sometimes a manager may
combine two different recipes or adapt an existing recipe with some important
modification to meet a situation at hand.
Managers often use knowledge in the way that a handyman will use his or her
skills, the materials and tools that are at hand to meet the demands of a particular
situation. Unlike an engineer who will plan carefully and scientifically his or her every
action to deliver the desired outcome, such as a steam engine, a handyman is flexible
and opportunistic, often using materials in unorthodox or unusual ways, and relies a lot
on trial and error. This is what the French call ‘bricolage’, the resourceful and creative
deployment skills and materials to meet each challenge in an original way. Rule of
thumb, far from being the enemy of management, is what managers throughout the
world have relied upon to inform their action.
In contrast to the scientific knowledge that guides the engineer, the physician or
the chemist, managers are often informed by a different type of know-how. This is
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sometimes referred to a ‘narrative knowledge’ or ‘experiential knowledge’, the kind of
knowledge that comes from experience and resides in stories and narratives of how real
people in the real world dealt with real life problems, successfully or unsuccessfully.
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Others take it farther with continuous learning. The world is orders of magnitude
more dynamic than that of our parents, or even when we were young. Waves of change
are crashing on us virtually one on top of another. Change has become the norm rather
than the exception. Continuous learning throughout one’s career has become essential
to remain relevant in the workplace. Again, necessary but not sufficient to describe
organizational learning.
A learning organization does not rely on passive or ad hoc process in the hope
that organizational learning will take place through serendipity or as a by-product of
normal work. A learning organization actively promotes, facilitates, and rewards
collective learning.
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primarily social processes within a cultural environment, and cultural change, however
necessary, is a particularly challenging undertaking.
Learning organization
Diffusion of innovations
Diffusion of innovations theory explores how and why people adopt new ideas,
practices and products. It may be seen as a subset of the anthropological concept of
diffusion and can help to explain how ideas are spread by individuals, social networks
and organizations.
Organizational culture
It has been defined as "the specific collection of values and norms that are
shared by people and groups in an organization and that control the way they interact
with each other and with stakeholders outside the organization. Organizational values
are beliefs and ideas about what kinds of goals members of an organization should
pursue and ideas about the appropriate kinds or standards of behaviour organizational
members should use to achieve these goals. From organizational values develop
organizational norms, guidelines or expectations that prescribe appropriate kinds of
behaviour by employees in particular situations and control the behaviour of
organizational members towards one another." (Hill & Jones, 2001)
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Senior management may try to determine a corporate culture. They may wish
to impose corporate values and standards of behaviour that specifically reflect the
objectives of the organization. In addition, there will also be an extant internal culture
within the workforce.
Work-groups within the organization have their own behavioural quirks and
interactions which, to an extent, affect the whole system. Task culture can be imported.
For example, computer technicians will have expertise, language and behaviours gained
independently of the organization, but their presence can influence the culture of the
organization as a whole.
Strong/Weak cultures
Strong culture is said to exist where staff respond to stimulus because of their
alignment to organizational values.
Several methods have been used to classify organizational culture. Some are
described below:
Hofstede
Geert Hofstede demonstrated that there are national and regional cultural
groupings that affect the behaviour of organizations.
Deal and Kennedy defined organizational culture as the way things get done
around here. They measured organizations in respect of:
The Tough-Guy Macho Culture. Feedback is quick and the rewards are high. This
often applies to fast moving financial activities such as brokerage, but could also apply
to a police force, or athletes competing in team sports. This can be a very stressful
culture in which to operate.
The Work Hard/Play Hard Culture is characterized by few risks being taken, all with
rapid feedback. This is typical in large organizations, which strive for high quality
customer service. It is often characterized by team meetings, jargon and buzzwords.
The Bet your Company Culture, where big stakes decisions are taken, but it may be
years before the results are known. Typically, these might involve development or
exploration projects, which take years to come to fruition, such as oil prospecting or
military aviation.
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The Process Culture occurs in organizations where there is little or no feedback.
People become bogged down with how things are done not with what is to be achieved.
This is often associated with bureaucracies. While it is easy to criticize these cultures
for being overly cautious or bogged down in red tape, they do produce consistent
results, which is ideal in, for example, public services.
Charles Handy
Edgar Schein
At the first and most cursory level of Schein's model is organizational attributes
that can be seen, felt and heard by the uninitiated observer. Included are the facilities,
offices, furnishings, visible awards and recognition, the way that its members dress, and
how each person visibly interacts with each other and with organizational outsiders.
The next level deals with the professed culture of an organization's members.
At this level, company slogans, mission statements and other operational creeds are
often expressed, and local and personal values are widely expressed within the
organization. Organizational behaviour at this level usually can be studied by
interviewing the organization's membership and using questionnaires to gather attitudes
about organizational membership.
At the third and deepest level, the organization's tacit assumptions are found.
These are the elements of culture that are unseen and not cognitively identified in
everyday interactions between organizational members. Additionally, these are the
elements of culture which are often taboo to discuss inside the organization. Many of
these 'unspoken rules' exist without the conscious knowledge of the membership. Those
with sufficient experience to understand this deepest level of organizational culture
usually become acclimatized to its attributes over time, thus reinforcing the invisibility
of their existence.
Surveys and casual interviews with organizational members cannot draw out
these attributes--rather much more in-depth means is required to first identify then
understand organizational culture at this level. Notably, culture at this level is the
underlying and driving element often missed by organizational behaviourists.
Elements of culture
⮚ The Paradigm: What the organization is about; what it does; its mission;
its values.
⮚ Control Systems: The processes in place to monitor what is going on. Role
cultures would have vast rulebooks. There would be more reliance on
individualism in a power culture.
⮚ Organizational Structures: Reporting lines, hierarchies, and the way that
work flows through the business.
⮚ Power Structures: Who makes the decisions, how widely spread is power,
and on what is power based?
⮚ Symbols: These include organizational logos and designs, but also extend
to symbols of power such as parking spaces and executive washrooms.
⮚ Rituals and Routines: Management meetings, board reports and so on may
become more habitual than necessary.
⮚ Stories and Myths: build up about people and events, and convey a
message about what is valued within the organization.
These elements may overlap. Power structures may depend on control systems,
which may exploit the very rituals that generate stories which may not be true.
One of the strongest and widely recognised criticisms of theories that attempt
to categorise or 'pigeonhole' organisational culture is that put forward by Linda
Smircich. She uses the metaphor of a plant root to represent culture, describing that it
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drives organisations rather than vice versa. Organisations are the product of
organisational culture, we are unaware of how it shapes behaviour and interaction (also
recognised through Scheins (2002) underlying assumptions) and so how can we
categorise it and define what it is?
Succession Planning
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Succession Planning involves having senior executives periodically review their
top executives and those in the next-lower level to determine several backups for each
senior position. This is important because it often takes years of grooming to develop
effective senior managers. There is a critical shortage in companies of middle and top
leaders for the next five years. Organizations will need to create pools of candidates
with high leadership potential.
With the Sarbanes-Oxley Act of 2002, succession planning in the United States has
risen in importance as a corporate governance issue.
A careful and considered plan of action ensures the least possible disruption to
the person’s responsibilities and therefore the organization’s effectiveness. Examples
include such a person who is:
A succession plan clearly sets out the factors to be taken into account and the
process to be followed in relation to retaining or replacing the person.
Organizational Engineering
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organizational environment equation and the outcome is predicted. Thus engineering
organizational development. Like organizational development the focus is to increase
efficiency, effectiveness, communication and coordination in groups of all kinds.
Tools
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TEAM BUILDING
Modern society and culture continues to become more fluid and dynamic.
Factors contributing to this include the communications revolution, the global market
and the ever-increasing specialization and division of labour. The net effect is that
individuals are now required to work with many different groups of people in their
professional as well as personal lives. Joining a new group and immediately being
expected to get along with them is somewhat unnatural. People have had to develop
methods to help people adapt to the new requirements.
All kinds of companies face the same difficulties. As yet there is no generally
agreed solution to the problem - it may not even be possible given the thousands of
years of cultural evolution that brought us to our present behaviour patterns.
Ingredients seen as important to the successful set-up and launch of such team
efforts include:
⮚ Selection of participants
⮚ Establishing goals
⮚ Allocation of roles within the team
⮚ Harmonizing personality types
⮚ Training on how to work together
⮚ Support within the team
⮚ Making effective use of resources
⮚ Communication between team members and leaders
There have been no empirical studies that have been tested in annoy the
assumptions made by the following group theorists.
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Selection of participants
A participant must also break out of his or her shell and become a leader. Most
importantly, the participant must have a positive attitude at all times (LaFasto 3).
Sometimes it is helpful to have an assessment each member has to fill out at the end of
a team building experience to help in selecting participants in the future.
The authors of When Teams Work Best collected 15,000 assessments that team
members had to fill out about their fellow teammates. In the assessment there were only
two questions asked: (1) what strengths does this person bring to the team?
(2) What might this individual do to contribute more effectively to the team’s success?
The assessment revealed six factors to help distinguish between the effective
and ineffective team members. The factors fell into two groups: working knowledge
and teamwork.
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Balancing skill sets
For example, individuals that are knowledgeable about the course materials are
confused about the technology part of it. On the other hand, individuals may feel that
the technical side of the problem is more comprehensible than the theoretical side of it.
By combining both types’ strengths, the team can come up with a solution that
benefits everyone. Balancing skill sets can be one of the most challenging things to
achieve, but it is very important to do to ensure the success of ones’ team.
Assigning roles to team members help them to know their place on the team.
Each member should be assigned a role that is clearly defined and relates to his or her
personality.
In most undergraduate projects there are three roles: project leader, chief
architect, and documentation leader. It is important to clarify each of these roles at the
very first meeting so members know exactly what they have to do.
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However, participants may not have an interest in the role that they were
unwillingly assigned to. A serious problem that may occur is that a specific role may
have too little or too much work, which may cause resentment between the members.
Productivity may also be lost.
A team must always be ready to adjust to their new roles and be prepared if
assigned to a new one. Members must be willing to move beyond their roles and help
others in order to practice good teamwork and to get the job done (Mallet 5).
Harmonizing personality
The personality of a team leader plays a big factor on how the team performs.
A leader must understand the kind of personality they need to have in order to gain the
respect from his or her members. Many studies have been made to see if personality
effects working environments.
Lesley and Van Velsor (1996) also conducted studies that ultimately found
four personality traits of ineffective managers. The four traits were poor interpersonal
skills (being insensitive, arrogant, cold, aloof, overly ambitious), unable to get work
done (betraying trust, not following through, overly ambitious), unable to build a team,
and unable to make the transition after promotion.
The personality traits that these managers portrayed were proven to negatively
affect the working environment. It is imperative for leaders to have a positive and
effective personality to gain respect among their organization and members.
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Working together may not come easy at first, but with proper training the team
will be able to adapt quickly. The training may include the instruction on how to
communicate better, manage conflict, or understand the skills and talents that everyone
brings to the table.
⮚ emotional support,
⮚ informational support,
⮚ instrumental support, and
⮚ Appraisal support.
The last type is appraisal support. This type is the help individual team members
can provide to aid in making sense of a particular problem (Somech).
Team building will be successful if the team members can cover each of these
types of team support.
All of these companies believe in the same thing: effective goal setting,
listening, facilitation skills, consensus building, and a willingness to communicate.
These team techniques in systems development not only make effective use of
resources, but they also result in measurable benefits. Resources are essential to team
building and they must be used wisely and efficiently.
When Teams Work Best, “the most important contribution a team leader can
make is to ensure a climate that enables team members to speak up and address the real
issues preventing the goal from being achieved.”
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A leader with good communication skills must be able to speak the truth and
deal with problems openly. Their goal should be to promote listening, to understand
different viewpoints, and to work toward a resolution.
It is important for a team leader to make team members feel comfortable enough
to express their needs and their wants. Members want to feel that they know what is
going on at all time and are informed about things such as plans, priorities, and progress
the group is making.
The term ‘team building’ can refer generally to the selection and motivation of
teams, or more specifically to group self-assessment in the theory and practice of
organizational development.
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To improve its current performance, a team uses the feedback from the team
assessment in order to:
⮚ identify any gap between the desired state and the actual state
⮚ design a gap-closure strategy
As teams grow larger, the skills and methods managers must use to create or
maintain a spirit of teamwork change. The intimacy of a small group is lost, and the
opportunity for misinformation and disruptive rumours grows.
Managers find that communication methods that once worked well are
impractical with so many people to lead. In particular, leaders encounter difficulties
based on Dayglow’s Law of Team Dynamics: “Small teams are informed. Big teams
infer.”
Action research
Action research is research that each of us can do on our own practice, that
“we” (any team or family or informal community of practice) can do to improve its
practice, or that larger organizations or institutions can conduct on themselves, assisted
or guided by professional researchers, with the aim of improving their strategies,
practices, and knowledge of the environments within which they practice.
Kurt Lewin, then a professor at MIT, first coined the term “action research” in
about 1944, and it appears in his 1946 paper “Action Research and Minority Problems”.
In that paper, he described action research as “a comparative research on the conditions
and effects of various forms of social action and research leading to social action” that
uses “a spiral of steps, each of which is composed of a circle of planning, action, and
fact-finding about the result of the action”.
Action research is not only a research that describes how humans and
organizations behave in the outside world but also a change mechanism that helps
human and organizations reflect on and change their own systems (Reason & Bradbury,
2001). After six decades of action research development, many methodologies have
been evolved, ranging:
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⮚ from those that are more driven by the researcher’s agenda to those more
driven by participants;
⮚ from those that are motivated primarily by instrumental goal attainment to
those motivated primarily by the aim of personal, organizational, or societal
transformation; and
⮚ From 1st-, to 2nd-, to 3rd-person research (i.e. my research on my own
action, aimed primarily at personal change; our research on our group
(family/team), aimed primarily at improving the group; and ‘scholarly’
research aimed primarily at theoretical generalization and/or large scale
change).
Action research can change the entire sense of social science, transforming it
from reflective knowledge about past social practices formulated by a priesthood of
experts (research PhDs) to an active moment-to-moment theorizing, data collecting,
and inquiring occurring in the midst of our ongoing lives. “Knowledge is always gained
through action and for action. From this starting point, to question the validity of social
knowledge is to question, not how to develop a reflective science about action, but how
to develop genuinely well-informed action—how to conduct an action science”
(Torbert 2001).
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Heron’s (1996)and Reason’s (1995) Cooperative Inquiry brings peers (e.g.
doctors, social workers, young women managers, men) together in self-study groups.
Thus, it is primarily a 2nd-person approach, though group participants are also
encouraged to try 1st-person action research outside the groups, and Reason has played
a central role in mounting a paradigm challenge to ‘naively objective’ modernist social
science.
The Developmental Action Inquiry approach of Torbert & Associates (2004) attempts
to interweave individual, 1st-person self-study with face-to-face 2nd-person self-study
by teams and with 3rd-person institution-wide self-study.
In the Living Theory approach of Whitehead (1989) and Whitehead and McNiff
(2006) individuals generate explanations of their educational influences in their own
learning, in the learning of others and in the learning of social formations. They generate
the explanations from experiencing themselves as living contradictions in enquiries of
the kind, 'How do I improve what I am doing?' They use action reflection cycles of
expressing concerns, developing action plans, acting and gathering data, evaluating the
influences of action, modifying concerns, ideas and action in the light of the
evaluations. The explanations include life-affirming, energy-flowing values as
explanatory principles. Living Theories generated through this approach can be
accessed at www.actionresearch.net. A living theory approach with the above qualities
is distinguished from the living theories produced by practitioner-researchers because
of the uniqueness of each living theory generated by individuals.
Since action research is as much about creating a better life within more
effective and just social contexts as it is about knowledge-creating and discovering true
facts and theories, it should not be surprising that it has flourished in Latin America,
Northern Europe, India, and Australia as much or more than within university
scholarship in the US.
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A powerful tool for modern action research uses video of communities by
communities, and variations on that theme. Surprisingly it started in 1967 by a
pioneering advocate Don Snowdon who changed the lives of Newfoundland's Fogo
islanders by filming them and their grievances and promulgating their distress to their
government. This methodology is now called Participatory Video (see external link).
Its chief power is that the video is edited by it participants.
Systems thinking
Systems thinking is an approach to analysis that is based on the belief that the
component parts of a system will act differently when isolated from its environment or
other parts of the system, and argues against Descartes's reductionist view. It includes
viewing systems in a holistic manner, rather than through purely reductionist
techniques.
Systems thinking is about gaining insights into the whole by understanding the
linkages and interactions between the elements that comprise the whole "system",
consistent with systems philosophy. It recognizes that all human activity systems are
open systems; therefore, they are affected by the environment in which they exist.
What is a system?
Systems thinking techniques may be used to study any kind of system -- natural,
scientific, human, or conceptual.
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The Systems approach relies on two pillars:
⮚ "The Whole is more than the sum of the parts" - Aristotle Greek Philosopher
384BC-322BC.
⮚ The development ethic.
Examples
Systems thinking often involves considering a "system" in different ways:
Rather than trying to improve the braking system on a car by looking in great
detail at the composition of the brake pads (reductionist), the boundary of the braking
system may be extended to include not only the components of the car, but the driver,
the road and the weather, and considering the interactions between them.
Looking at something as a series of conceptual systems according to multiple
viewpoints. A supermarket could be considered as a "profit making system" from the
perspective of management, an "employment system" from the perspective of the staff,
and a "shopping system" -- or perhaps an "entertainment system" -- from the perspective
of the customers. As a result of such thinking, new insights may be gained into how the
supermarket works, why it has problems, or how changes made to one such system may
impact on the others.
Methods
Systems thinking uses a variety of techniques that may be divided into:
⮚ Hard systems - involving simulations, often using computers and the
techniques of operations research. Useful for problems that can justifiably
be quantified. However it cannot easily take into account unquantifiable
variables (opinions, culture, politics, etc.), and may treat people as being
passive, rather than having complex motivations.
⮚ Soft systems - Used to tackle systems that cannot easily be quantified,
especially those involving people holding multiple and conflicting frames
of reference. Useful for understanding motivations, viewpoints, and
interactions and addressing qualitative as well as quantitative dimensions of
problem situations. Soft systems are a field that utilizes foundation
methodological work developed by Peter Check land, Brian Wilson and
their colleagues at Lancaster University. Morphological analysis is a
complementary method for structuring and analysing non-quantifiable
problem complexes.
48
⮚ Evolutionary systems - the development of Evolutionary Systems Design
by Bela H. Banathy integrates critical systems inquiry with soft systems
methodologies to create a meta-methodology applicable to the design of
complex social systems. These systems, similar to dynamic systems are
understood as open, complex systems, but further accounts for their
potential capacity to evolve over time. Banathy uniquely integrated the
multidisciplinary perspectives of systems research (including chaos,
complexity, and cybernetics), cultural anthropology, evolutionary theory,
and others.
Applications
For example:
49
CHAPTER-III
INDUSTRY
&
COMPANY PROFILE
50
51
INDUSTRY PROFILE
KMPL offers car financing primarily in the form of loans. KMPL also offers inventory
funding to car dealers and has entered into strategic arrangement with various car
manufacturers in India for being their preferred financier. KMPL has established a
centralize customer services activity to ensure high quality and timely response to
customer needs.
During 2007-08 KMP’s gross advances crossed Rs. 5900 crore mark recording an
increase of 44% as compared to financial year 2007.KMPL had a retail distribution
network comprising of 88 branches (including representative offices) in 18 states in the
country and had a wide network of direct marketing associates, brokers and agencies
supporting the distribution network and servicing around 117,345 customers.
52
Kotak life insurance offers a wide range of innovative life insurance products aimed at
making the Indian consumer financially independent. Kotak life insurance has full
range of products from pure insurance to saving products and market linked products,
from children’s insurance to retirement solutions. In a survey conducted by AC Nielson
– ORG MARG in march 2005, Kotak life insurance ranked 4 th among insurance
companies operating in India in terms of brand awareness in urban areas. For 2004-05,
Kotak life insurance was ranked 6th amongst the private insurers in terms of premium
garnered.
As a financial year 2008 first year regular premium 1,046 crores , 61 crores single
premium , 585 crores renewal premium.
Kotak Mutual’s goal is to offer investors a full range of products, across the risk-return
spectrum, to enable them to build wealth and achieve their financial goals. To achieve
this, it tries to make investing in mutual funds a simple and convenient process for all
investors, by constantly upgrading its service levels and relying on innovation to make
the difference.
With assets of Rs.19, 739 crores under management (2009 - 2010). The number of
folios as on March 31, 2009 was about 9.40 lakhs as compared to about 5.36 lakhs as
of March 31, 2010 a growth of 75%. It is a mind logging success where its success is
based on three strategies: New product development, increased geographical
53
expansions, improved distribution reach and penetration. Through this strategy, kotak
mutual aims to be the best among the mutual funds of choice.
Kotak Mahindra UK Ltd is the first firm of Indian origin to be regulated by securities
and futures authority in the United Kingdom. KMUK is a member of London stock
exchange and is registered with the SEBI as a Foreign Institutional Investor (FII).
KMUK as an FII has 18 sub-accounts investing in to India as of September 30, 2010.
Kotak Mahindra has financial intermediary regulated by the NASD in United States.
54
KOTAK REAL ESTATE FUND
The group has launched Kotak Mahindra Realty Fund, a SEBI registered venture capital
fund, with a focus on the Indian real estate and allied sectors. The primary objective of
the fund is to invest in and provide finance to real estate sector and allied activities in
Indian with an intention to generate superior risk adjusted returns.
NRI SERVICES
KOTAK MAHINDRA BANK offers a diverse set of NRI- centric financial solutions
including investments, remittances and deposits. Ranging from NRE/NRO/FCNR
accounts, Demat accounts are the value added benefits like At-par cheques, at home
services, free inward funds transfer, mandate facility etc. The investment product
ranges from mutual fund to insurance. The bank’s Portfolio Investment scheme (PINS)
enables to deal in equities in secondary market. We offer a platform that includes a bank
account a demat account and a broking account through Kotak securities. The tax and
FEMA advisory services of the bank give advice on taxation or regulatory matters from
the best experts in the field. The bank also offers an online remittance service for non-
resident Indians called FUNDS TO HOME. It includes a range of fast, economical and
secure remittance services.
COMMERCIAL VEHICLES
This constitutes the largest part of the bank’s retail advances portfolio servicing a
customer base of more than 49,345 customers. The division is moving towards
becoming one stop shop for all financing needs of transporters. Developing an efficient
distribution network, implementing risk management techniques and identification of
new products for the transport and infrastructure sectors continue to be the focus of this
business the divisions foray into funding of construction equipment to infrastructure
companies has resulted in the bank emerging as one of the key players on the sector.
The banking platform provides the right opportunity to extend its reach and services
HOME LOANS
KOTAK MAHINDRA BANK offers home finance solutions in May 2003. The home
finance business of the bank has taken the approach of developing products for specific
55
segments and customizing them to suit individual need. The bank now has a complete
suite of home finance offerings with home loans, loan against property, balance transfer
loans and loans for commercial property. The bank launched innovative home finance
offerings with reset period of 36 months and with fixed deposit interest rate as the
interest rate benchmark to expand its range of offerings and cater to newer segments.
CORPORATE BANKING
KOTAK MAHINDRA BANK offers corporates and institutions a complete range of
client-centric banking solutions and services. These include working capital trade
services, transaction banking, money market and foreign exchange services and cash
management. All the services are focused on specific client needs and delivered after
factoring in industry imperatives and individual contexts. Kotak’s years of experience
ensures that it truly understands the financial needs of Indian corporate sector. The
focus is on supporting supply chain and distribution. This business has gained
significantly from banking platform with ability to offer a wider range of products and
services to customers.
Profit before tax for corporate banking segment was up 99% from Rs. 101.65 crore
in 2006 – 07 to Rs.202.64 crore in 2007 – 08.
56
PERSONAL LOANS
KOTAK’S quick easy personal loans are called “Jaldi Loans” which range from Rs.50,
000 to Rs.10,00,000 for salaried individuals, self-employed professional and
businessmen. It services a customer base of around 37,000. These loans can be used for
almost anything- to renovate houses, for children education, to buy a 2 wheeler, to go
on a well deserved holiday. Jaldi loans offers minimal paper work and quick process
within 24 hours for salaried and 72 hours for self employed professionals and
businessmen with repayment tenures ranging from 12 to 48 hours.
57
COMPANY PROFILE
The symbol of Kotak Mahindra Bank represents the vision and operations very
precisely where infinite “ka” reflects our global Indian personality. The “ka” is uniquely
Indian while its curve forms the infinite sign, which is universal. One of the basic
tenants of economics is that man’s needs are unlimited. The infinite “ka” symbolizes
that we have an infinite number of ways to meet those needs.
Kotak Mahindra owes its growth to its association with the international talent pool and
has partnership with GOLDMAN SACHS (one of the world’s largest bank and
brokerage firm) ford credit (one of the world’s largest dedicated automobile financiers)
and old mutual (a large insurance, banking and asset management conglomerate).
Kotak Mahindra bank is the flagship company of the group. The company was
incorporated in 1985 and over the years has spread its business into the entire spectrum
of financial services either directly or through subsidiaries. In February 2003, the
company reached a new milestone when it was given license to carry on banking
business by the Reserve Bank of India. It was the first company in India to convert to a
58
bank. The company has been in retail leading since mid-1990. With the conversion into
bank retail liabilities, treasury and corporate banking segments have been added.
The Kotak Mahindra group was incorporated in 1985 as a Kotak Capital Management
Finance Limited. This company was promoted by UDAY KOTAK, SIDNEY, PINTO
AND KOTAK AND COMPANY
59
Kotak investment banking identifies structures and executes merges, acquisitions,
divestitures and issuance a debt and equity and also provides innovative solutions to
corporate and government enterprise.
In equity business, Kotak investment bank works with top rated companies in accessing
the public and private equity markets and providing innovative financing solutions.
Kotak investment banking pioneered the concept of book built equity offering in India
with the IPO of Hughes Software Systems Ltd and has raised equity through book
building for some of the largest equity deals ever done in domestic market. Kotak
investment bank has had the privileged of being the book runner to the landmark
disinvestments of Maruthi Udyog Ltd and ONGC Ltd., which are considered a
watershed in Indian capital markets.
AWARDS:
Kotak Investment Banking achievements are awesome and hence got crowned with
many as it deserves. Kotak investment banking has been awarded
60
⮚ India’s equity house of the year by IFR Asia in 2004.
⮚ BEST PERFORMANCE EQUITY BROKERAGE in India CNBC financial
advisor awarded in 2008
⮚ BEST BROKERAGE FIRM IN INDIA BY ASIA MONEY in 2007
⮚ THE LEADING EQUITY HOUSE IN INDIA as Thomas extel survey in 2007
KOTAK SECURITIES
Kotak securities are a strategic joint venture between KOTAK MAHINDRA BANK
(holding 75%) & GOLDMAN SACHS (holding 25%) is India’s leading brokerage and
securities distribution house. Kotak securities has been ranked the largest distributor of
initial public offerings for 2006-2007 by PRIME database and has been awarded India’s
best equity house for 2008 by Finance Asia, Best broker in India for 2008 by Finance
Asia and best equities house in India for 2008 by Euro money.
The non-institutional division of Kotak securities offers both offline and online
broking. Apart from broking services, the non-institutional segment offers wide range
of products including portfolio management services, margin lending, depository
services and other fee based activities.
The private client group (PCG) of the company provides investment advisory
services to High Net Worth individuals, Non Resident Indians (NRIs) Investor Trusts
and Corporate. The investment product range offered by PCG covers investments and
trading, equity derivatives, portfolio management, IPO’s and mutual funds. In 2008 the
assets under discretionary portfolio management were in excess of Rs. 28 billion. Kotak
securities average daily volume 5,300 crores (in 2008).
61
CHAPTER -IV
DATA ANALYSIS
&
INTERPRETATION
62
1. Do you feel the compelling reasons for adopting the change programme?
a. Yes
b. No
c. To some extent
d. Don’ t Know
Option NO of employee Percentage
Yes 9 38%
No 5 10%
To some extent 20 40%
Don’ t Know 6 12%
Source:
From questionnaire given to the 50 % employees.
Interpretation:
The above chart reveals that 40 % of the employees say that to some extent, they feel
the compelling reasons for adopting the development, 38% of them say yes, 12 % don’t
know, and 10% say no
63
2. Are you aware of how when and where the develop will happen?
a. to large extent
b. to medium extent
c. to little extent
d. not clear at all
Source:
From questionnaire given to the 50 % employees.
Interpretation:
The above chart reveals that 42% of the employees are aware to medium extent of how,
when where the change will happen, 32% of them to large extent and 26% of them to a
little extent.
64
3. Does the senior executive team support need based changes?
a. adequately
b. inadequately
c. appropriately
d. not applicable
Option No of employee Percentage
Adequately 27 54%
Inadequately 19 6%
Appropriately 1 38%
Not applicable 1 2
Source:
From questionnaire given to the 50 % employees.
Interpretation:
The above chart reveals that 65% of the employees say that senior executive team
support the need based change adequately and 30% of the employees say appropriately
and 3% of say that senior executive team support the need based change inadequenlty
and 2% say not applicable.
65
4. Has awareness programmes been conducted by your organization while
implementing development.
a.yes
b.no
C.to some extent
Didn’t know.
Source:
From questionnaire given to the 50 % employees.
Interpretation:
The above chart reveals that 54% of the employees say that senior executive team
support the need based change adequate and 38% of the employees say appropriately
and 6% of say that senior executive team support the need based change inadequenlty
and 1% say not applicable.
66
5. Are all stakeholders involved in the development process??
a.yes
b.no
C.to some extent.
Didn’t know
Source:
From questionnaire given to the 50 % employees.
Interpretation:
The above chart reveals that 58% of the employees say that awareness programmes
have been conducted by their organization while implementing change, 34% of them
say that to some extent the awareness programmes are being conducted while
implementing change whereas 6% of them say no, and 2 % of them don’t know.
67
6. Do you agree that the employees are involved in framing the goals to lower
level of the organization?
a.agree
Disagree
c.indiffrent
D.dont know
Options No of employees Percentage
Agree 30 60%
Disagree 9 18%
Indifferent 6 12%
Don’t know 5 10%
Source:
From questionnaire given to the 50 % employees.
Interpretation:
The above chart reveals that 68% of the employees say that awareness programmes
have been conducted by their organization while implementing change, 24% of them
say that to some extent the awareness programmes are being conducted while
implementing change whereas 6% of them say no, and 2 % of them don’t know.
68
7. Does development support operational accountabilities?
a.yes
b.no
C.to some extent.
D.dont know
Source:
From questionnaire given to the 50 % employees.
Interpretation:
The above chart reveals that 46% of the employees say that the change management
support operational accountability 40% of them say to some extent.
69
8. Do you agree that people with responsibility at your organization have the
necessary skills?
a.agree
Disagree
c.indiffrent
D.dont know
Source:
From questionnaire given to the 50 % employees.
Interpretation:
The above chart reveals that 52% of the employees agreed that the people with the
responsibilities at their organization have the necessary skills, 34% of them agree to
some extent, 14% of them disagree.
70
9. Is the training programme sufficiently designed and adequately resourced?
a.yes
b.no
C.to some extent.
D.dont know
Source:
From questionnaire given to the 50 % employees.
Interpretation:
The above chart rivals that 56% of the employees agree that the training programme is
being sufficiently designed and adequately resourced, 36% of them agree to some
extent,
71
10. Are terms being developed and supported for high performance?
a.yes
b.no
C.to some extent.
D.dont know
Source:
From questionnaire given to the 50 % employees.
Interpretation:
The above chart reveals that 40% of the employees agree that teams are being developed
and support for high performance, 40% of the employees agree to some extent, 12% of
them don’t know 8% of them say no.
72
11. Is there focus on skills as well as technical skills in Kotak?
Among soft skills
Boon both technical skills
Cloth
Denote at all
Options No of employees Percentage
On soft skills 2 4%
On technical skills 14 28%
Both 28 56%
Not at all 6 12%
Source:
From questionnaire given to the 50 % employees.
Interpretation:
The above chart reveals that 56% of the employees agree that Kotak focuses on both
soft skills and technical skills.
73
12. Do information human resource and other systems support the new operational
environment?
a.support
B.dont support
C.to some extent
D.dont know
Options No of employees Percentage
Support 30 60%
Don’t support 1 2%
To some extent 18 36%
Don’t know 1 2%
Source:
From questionnaire given to the 50 % employees.
Interpretation:
The above chart reveals that 60% of the employees agree that information system,
human resource and other systems support the new operations environment 36% of
the agree to some extent ,2% of them say that it does not support, where as 2 % of the
them don’t know.
74
13. Are remuneration reward and recruitment systems aligned with the change
objectives?
a.yes
b.no
C.to some extent.
D.dont know
Options No of employees Percentage
Ye s 34 68%
No 8 16%
To some extent 6 12%
Don’t know 2 4%
Source:
From questionnaire given to the 50 % employees.
Interpretation:
The above chart reveals that 68% of the employees agree that remuneration rewards
and recruitment systems aligned with the development objective, where as 16% of
they say no, 12% of them agree that it aligned to some extent with the development
objective.
75
CHAPTER -V
FINDINGS
SUGGESTIONS
CONCLUSION
76
FINDINGS
⮚ “Above all else, the key lesson learned from the OD process is that OD is an
ongoing process which organizations must continually address if they are to be
healthy and effective. Thus, the Justice Centre is committed to making OD an
ongoing part of its future focus.”
⮚ “OD never stops. We’re just beginning. We’re not going to let the OD money
run out. We’re going to find ways to pay for it.”
77
SUGGESTIONS
After analysis and conclusions, there is some need to provide a few suggestions
to the organization I am sincerely providing these suggestions for the welfare of the
organization. In order to analyse the job, we have to do some changes.
⮚ Mainly inspecting work is the main activity that is in the part of incumbent’s
supervisory duties. Not only that, there are several activities like training,
performance appraisal, coaching etc. also be given to the employees.
⮚ I observed that eighth grade education is enough for this job.
⮚ If you take proper precautions for mechanical hazards, the employees can do
the job effectively and get more output.
⮚ Try to replace the high technology in the place of low technology.
⮚ Try to decrease the amount of experience needed to perform this job.
⮚ If personal attributes are required by the job, then the productivity will be
increased.
78
CONCLUSION
Lessons Learned
80
QUESTIONNAIRE
81
QUESTIONNAIRE
1. Do you feel the compelling reasons for adopting the change programme? [ ]
a) Yes
b) No
C) To some extent
D) Don’t Know
2. Are you aware of how when and where the develop will happen? [ ]
A.to large extent
B.to medium extent
C.to little extent
D.not clear at all
82
5. Are all stakeholders involved in the development process?? [ ]
a.yes
b.no
C.to some extent.
D.dont know
6. Do you agree that the employees are involved in framing the goals to lower
level of the organization? [
]
a.agree
Disagree
c.indiffrent
D.dont know
8 Do you agree that people with responsibility at your organization have the
necessary skills? [ ]
a.agree
Disagree
c.indiffrent
D.dont know
83
10. Are terms being developed and supported for high performance? [ ]
a.yes
b.no
c.to some extent.
d.dont know
12. Do information human resource and other systems support the new [ ]
operational environment.
a.support
b.don't support
c.to some extent
d.don't know
13. Are remuneration reward and recruitment systems aligned with the change
objectives ? [ ]
a.yes
b.no
c.to some extent.
d.don't know
84
BIBLIOGRAPHY
85
BIBLIOGRAPHY
Author’s Name Book’s Name
WEB SITES:
⮚ http://www.google.com
⮚ http://www.Kotak.com
⮚ http://www.hr.com
86